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Private Lending & Conventional Mortgage Advice

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Michael Dunn
  • Olive Branch, MS
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452
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Do most Lenders frown upon...

Michael Dunn
  • Olive Branch, MS
Posted Jun 10 2014, 05:11

a buyer, getting a Loan for the sole purpose of purchasing a property in order to turn right around and Flip it, in 3 - 4 months ( after the minimum 90-days has passed ) ?

If I'm looking to get into the Flipping business and Flip a property every 3-4 months, do most banks/lenders discourage this, since their main way of making a profit on a loan, is the interest they collect from that loan

Just trying to make sure I stay in the good graces of these Lenders, as I'll be relying on them to get new loans per property I look to buy

Thanks everyone

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